# Professor Jeanne Calderon and Scholar-in-Residence Gary Friedland's research on the EB-5 investment visa program

1 March 7, 2016 The Guardian ![Guardian logo ](/sites/default/files/styles/246w/public/assets/images/con_030939.jpg?itok=g7FgVwid)>

Excerpt from [The Guardian](http://www.theguardian.com/us-news/2016/mar/07/donald-trump-building-chinese-immigrant-labor-eb-5-visa-jersey-city) -- "A May 2015 report from the Center for Real Estate Finance Research at New York University’s Stern School of Business was blunt about the visa’s use: '\[W\]hen the traditional capital markets evaporated during the Great Recession, developers’ demand for alternative capital sources rejuvenated the program.' EB-5, the Stern report said, represents 'a capital source providing extraordinary flexibility and attractive terms, especially to finance commercial real estate projects'."

[Read more](http://www.theguardian.com/us-news/2016/mar/07/donald-trump-building-chinese-immigrant-labor-eb-5-visa-jersey-city)